Wynn Resorts Limited (WYNN)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,623,930 | 4,185,280 | 1,729,540 | 1,840,110 | 203,704 |
| Revenue | US$ in thousands | 7,372,660 | 6,041,540 | 3,310,710 | 3,369,780 | 1,656,560 |
| Gross profit margin | 76.28% | 69.28% | 52.24% | 54.61% | 12.30% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,623,930K ÷ $7,372,660K
= 76.28%
Wynn Resorts Limited has shown notable improvement in its gross profit margin over the years, reflecting efficient cost management and revenue growth. The margin has significantly increased from 12.30% as of December 31, 2020, to 76.28% by December 31, 2024. This upward trend indicates that the company is effectively controlling its cost of goods sold while generating higher revenues from its operations. The substantial rise in the gross profit margin suggests operational efficiency, better pricing strategies, or cost-saving measures implemented by Wynn Resorts Limited during the period under review. Investors and stakeholders may view this positive trajectory as a sign of improved profitability and overall financial health of the company.
Peer comparison
Dec 31, 2024